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Clearone Communications ( (CLRO) ) has provided an update.
ClearOne, Inc. announced a 1-for-15 reverse stock split of its common stock, effective June 2, 2025, subject to stockholder approval at a special meeting on May 30, 2025. This move aims to increase the per share market price to meet Nasdaq’s minimum bid price requirement, reducing the number of outstanding shares from approximately 26 million to 1.7 million, while maintaining the same percentage ownership for stockholders.
Spark’s Take on CLRO Stock
According to Spark, TipRanks’ AI Analyst, CLRO is a Neutral.
Clearone Communications is currently struggling with financial performance, characterized by declining revenues, operational inefficiencies, and negative cash flows. Despite having a strong equity base, the company’s profitability and cash management are concerning. The technical indicators suggest bearish momentum, and the lack of valuation support further impacts its attractiveness to investors. Immediate strategic interventions are necessary for the company to improve its financial health and market position.
To see Spark’s full report on CLRO stock, click here.
More about Clearone Communications
ClearOne is a global company that designs, develops, and sells conferencing, collaboration, and network streaming solutions for voice and visual communications. The company is known for the performance and simplicity of its advanced comprehensive solutions, offering high levels of functionality, reliability, and scalability.
Average Trading Volume: 686,458
Technical Sentiment Signal: Sell
Current Market Cap: $14.04M
For detailed information about CLRO stock, go to TipRanks’ Stock Analysis page.